Airbnb Market Analytics, Statistics and Data in Providence, Rhode Island, United States
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Providence? AirROI have just the data insights! Over the last twelve months from February 2024 to January 2025, we've uncovered key trends and opportunities that successful hosts are leveraging in Providence:
How much do Airbnb hosts make on average per month in Providence?
The short-term rental market in Providence shows distinct revenue patterns across different property tiers. Our analysis reveals that successful properties combine strategic pricing with quality management to maximize earnings potential. Market data demonstrates clear revenue differentiation among properties:
- Typical properties (median) earn $2,542 per month
- Strong performing properties (top 25%) make $4,273 or more
- Best-in-class properties (top 10%) achieve $6,821+ monthly
- Entry-level properties (bottom 25%) typically earn around $1,310
Revenue Variations by Month
Occupancy Rates Throughout the Year in Providence
The market in Providence shows distinct occupancy patterns influenced by seasonal trends and local dynamics. Properties that maintain high guest satisfaction scores and implement strategic pricing consistently achieve stronger occupancy rates. Current market data shows:
- Typical properties (median) maintain 57% occupancy rates
- Strong performing properties (top 25%) achieve 75% or higher
- Best-in-class properties (top 10%) reach 87%+occupancy
- Entry-level properties (bottom 25%) average around 34%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Providence
Daily rates in Providence vary based on seasonality, property quality, and market dynamics. Properties that effectively balance competitive pricing with strong amenities typically command higher rates. Market analysis shows the following rate structure:
- Typical properties (median) generate $137 per night
- Strong performing properties (top 25%) secure $208 or more
- Best-in-class properties (top 10%) pull in $339+ per night
- Entry-level properties (bottom 25%) earn around $82
Daily Rate Variations by Month
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Seasonality patterns in Providence
Peak Season (July, June, August)
- Revenue peaks at $4248.42 per month
- Occupancy rates reach 68.31%
- Daily rates average $208.93
Shoulder Season
- Revenue averages $3358.48 per month
- Occupancy maintains 54.03%
- Daily rates hold at $192.65
Low Season (November, December, January)
- Revenue drops to $2006.13 per month
- Occupancy decreases to 39.97%
- Daily rates adjust to $179.18
Is it still profitable to do Airbnb in Providence in 2025?
Yes! Providence demonstrates highly seasonal trends requiring strategic adaptation, featuring a healthy occupancy rate of 54% and strong monthly revenue averaging $3358 and As a mature market with 760 active listings, there's strong demand despite the competition. There's also room for profit through rental arbitrage strategies, if you can identify competitively priced properties. To maximize your return on investment, consider employing the following strategies:
Peak Season Strategy
- Implement premium seasonal pricing strategies
- Set longer minimum stay requirements during high-demand periods
- Enforce stricter cancellation policies
Shoulder Season Strategy
- Maintain competitive market-based pricing
- Offer moderate-length stay incentives
- Target a mix of leisure and business travelers with flexible booking terms
- Focus on weekend getaway packages and mid-week business traveler promotions
Low Season Strategy
- Adjust pricing to remain competitive in the market
- Target different guest segments (business travelers, long-term stays, holiday visitors, event attendees, remote workers)
- Create targeted promotional campaigns to drive occupancy
Top Places to Start Airbnb in Providence
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Federal Hill | Known for its vibrant Italian-American culture, Federal Hill offers a variety of restaurants, cafes, and local shops. It is a sought-after area for visitors looking for great food and a lively atmosphere. | Atwells Avenue, Federal Hill Park, Forget Me Not Antiques, Caffè Mingo, Pasta Fresca, Zio's Italian Kitchen |
| Downcity Providence | The heart of Providence with its shopping, dining, and cultural attractions. Ideal for those who want to experience the urban vibe and enjoy easy access to arts and entertainment. | Providence Performing Arts Center, WaterFire, Kennedy Plaza, Providence Place Mall, The Arcade, Brown University |
| East Side | A charming residential area with beautiful homes and proximity to parks and the university. It attracts both families and visitors seeking a quieter, picturesque experience. | Benefit Street, Brown University, The John Brown House, Blackstone Park, India Point Park, Federal Hill |
| College Hill | Home to Brown University and the Rhode Island School of Design, College Hill is filled with students and academic visitors. It's a vibrant area with unique shops and cafes. | RISD Museum, Thayer Street, The Avon Cinema, The College Green, Ladd Observatory, Benefit Street |
| West End | An up-and-coming area known for its artistic community and cultural diversity. It attracts creatives and those looking for a local experience away from tourist traps. | The Steel Yard, West Side Arts District, Lupo’s Heartbreak Hotel, The Wilbury Theatre, Rochambeau Library |
| Smith Hill | A historic neighborhood with a strong sense of community, offering a suburban feel while still being close to the city. It is appealing for families and long-term visitors. | Rochambeau Avenue, Smith Hill Community Development Corporation, Parks and Recreational Areas, Saint Patrick’s Cathedral, Smith Hill Park |
| Hope Street | This area is known for its quaint shops and restaurants, making it a popular dining destination. It also has access to parks and the local zoo, attracting families. | Hope Street Farmers Market, Roger Williams Park Zoo, The Avenue Concept, Swan Point Cemetery, Blackbird Farm |
| North End | A diverse neighborhood with a mix of residential and commercial spaces, offering affordability and cultural richness, making it popular among visitors looking for local experiences. | Parliament Street, The Rhode Island State House, Riverside Park, The Providence River, Local eateries and shops |
Do you need a license for Airbnb in Providence?
Yes, Providence requires a license for operating an Airbnb. Current market data shows 62% of active listings maintain proper licensing, confirming this requirement. Getting licensed is an essential first step before listing your property.
Top Performing Airbnb Properties in Providence
★9-Bedrooms★ Modern & Stylish Stay for Big Grps!
Entire Place • 9 bedrooms
★Modern & Spacious # 10-Bedrooms! Great For Groups
Entire Place • 10 bedrooms
Modern Revival in Providence, RI
Entire Place • 6 bedrooms
HUGE heated POOL HOT Tub 13 BEDs 3 BATHs
Entire Place • 4 bedrooms
Elegant Victorian House, sleeps 14 near Brown/RISD
Entire Place • 7 bedrooms
Spacious 6BR Sleep 14 in PVD
Entire Place • 6 bedrooms
Top Performing Professional Hosts in Providence
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Totana | 14 | $1,183,363 | 873 | 4.83/5.0 |
| Jennifer | 17 | $1,102,869 | 3808 | 4.94/5.0 |
| Boris | 14 | $730,202 | 1491 | 4.70/5.0 |
| Aref | 15 | $706,939 | 4323 | 4.92/5.0 |
| Xiaoshan And Boris | 13 | $698,152 | 801 | 4.82/5.0 |
| Mushfique | 13 | $589,520 | 719 | 4.78/5.0 |
| Gabriel | 9 | $509,110 | 343 | 3.31/5.0 |
| Richard | 8 | $504,195 | 222 | 4.88/5.0 |
| Keiko | 3 | $380,567 | 216 | 5.00/5.0 |
| A | 13 | $347,210 | 3677 | 4.84/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Providence
AirROI also have other key metrics and comprehensive data for your vacation rental, real estate needs. Go explore the advanced metrics that can help you make informed decisions:
Room Type Distribution
Property Type Distribution
Key Insights
- Market dominated by entire home listings (68.8%), with apartment & condo and house properties comprising 93.1% of inventory
- Untapped potential in boutique & hotels, others, outdoor & mobile, unique stays segments (6.9% combined)
Room Capacity Distribution
Analysis of 760 properties in Providence shows that 1 bedroom properties are most prevalent, making up 28.3% of the market. The market tends to favor smaller properties, with 1 bedroom and 2 bedrooms together representing 54.1% of all listings.
Key Insights
- Most common: 1 bedroom (28.3%)
- Least common: 5+ bedrooms (3.2%)
- Market concentration: 54.1% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 760 properties in Providence reveals that 4 guests properties dominate the market, representing 17.6% of all listings. The average property accommodates 3.4 guests, with a clear trend towards larger guest capacities. Properties accommodating 4 guests and 2 guests make up 35.3% of the market.
Key Insights
- Most common capacity: 4 guests (17.6% of market)
- Least common capacity: 7 guests (3.3% of market)
- Average guest capacity: 3.4 guests per property
- Market concentration: 35.3% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 760 properties in Providence, the most common availability pattern is 91-180 days (35% of properties). For actual bookings, properties most frequently secure bookings for 181-270 days (35.3% of properties).
Key Insights
- Most common availability window: 91-180 days (35%)
- Most common booking duration: 181-270 days (35.3%)
- Properties with high availability (180+ days): 48.9%
- Properties with long-term bookings (180+ days): 52.9%
Minimum Stay Distributions
1 Night
240 listings
34.2% of total
2 Nights
261 listings
37.2% of total
3 Nights
67 listings
9.6% of total
4-6 Nights
33 listings
4.7% of total
7-29 Nights
47 listings
6.7% of total
30+ Nights
53 listings
7.6% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 71.4%
- Mid-length stays (4-6 nights) represent 4.7% of listings
- Monthly+ stays (7.6%) suggest a stable extended-stay market
- High market flexibility with 81.0% accepting 3 nights or less
Recommendations
- Set minimum stays between 2-3 nights to align with market standards
- Adjust minimum stays seasonally based on demand patterns
- Consider monthly stay discounts to capture the growing extended-stay market
- Implement different minimum stays for weekends vs. weekdays
Cancellation Policy Distribution
Refundable
1 listings
0.1% of total
Flexible
106 listings
15.2% of total
Moderate
205 listings
29.5% of total
Firm
97 listings
13.9% of total
Strict
287 listings
41.2% of total
Key Insights
- Strict is the preferred policy at 41.2% of listings
- The market shows a balanced distribution between guest-friendly (44.7%) and strict (55.1%) policies
- Strong market consensus around Strict policies
- Refundable policies are least common at 0.1% of listings
Recommendations
- Market supports various policies - choose based on your property type and target guests
- Strong market preference for Strict policies suggests this should be your baseline
Booking Lead Time Trends
Key Insights
- Peak booking lead times occur in May, Jul, Jun, averaging 64 days
- Shortest booking windows are in Mar, Feb, Jan, averaging 28 days
- Spring shows the longest average booking window at 52 days, while Winter has the shortest at 28 days
Recommendations
- Implement dynamic pricing strategies for Spring bookings at least 52 days in advance
- Consider early bird discounts during Winter to encourage longer lead times
- Focus on last-minute booking promotions during Mar-Jan when lead times are shortest
Popular Airbnb Amenities in Providence
Below is the distribution of amenities across listings in Providence:
Traveler Demographics
Key Insights
- Domestic travelers make up 90.1% of total guests, indicating a dominant local market share.
- Primary international markets: Canada (1.9%) and United Kingdom (1.3%)
- English is the top language at 71%, followed by Spanish (15.3%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 6.8%
Recommendations
- Target marketing campaigns for New York and Boston markets
- Develop localized content for Canada and United Kingdom
- Prioritize English and Spanish language support
- Tailor experiences for Pre-1950s (Silent Gen) while maintaining broad age appeal
- Implement seasonal promotions aligned with key market travel patterns
Nearby Markets
Explore short-term rental performance in markets surrounding Providence. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Milford | 11 | $7,203 | $539.76 | 62% |
| Nantucket | 560 | $6,766 | $978.35 | 41% |
| Town of East Hampton | 1,437 | $6,201 | $979.48 | 37% |
| Town of Southampton | 1,323 | $6,085 | $961.78 | 36% |
| Middletown | 381 | $5,774 | $551.70 | 45% |
| Manchester-by-the-Sea | 14 | $5,528 | $467.31 | 53% |
| Westminster | 11 | $5,502 | $390.76 | 57% |
| Scituate | 84 | $5,295 | $535.40 | 48% |
| Barrington | 33 | $5,294 | $463.23 | 47% |
| Nahant | 19 | $5,185 | $530.23 | 46% |
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